SODOM & GOMORRAH: Stockton, California (population 290,000) has twice been recognized as America's most miserable city and now is in line to be the largest US city to declare bankruptcy. It couldn't happen soon enough.
SODOM & GOMORRAH: Some very exciting things are taking place in technology. These developments are making it easy for disruptive, non-mainstream sites and views to be more accessible. Let's take a look at three primary trends that are reshaping the content industry.
SODOM & GOMORRAH: Spain, Italy, Belgium, Slovenia, and Cyprus were downgraded by Fitch Ratings. The agency claims that the Eurozone countries lack the appropriate financial flexibility to deal with the regional debt crisis. Surprise.
SODOM & GOMORRAH: A special report in this week's Economist on state-owned enterprises in emerging markets validates one of my theories - classical, small-state liberalism eventually morphs into the modern, welfare-state governments that we see today. The moral is that any time material interests dominate the political, the former will eventually use tools of coercion to force out rivals.
SODOM & GOMORRAH: The European Union continues to struggle to cope with the massive financial blackhole that is Greece. In short, default is both inevitable and the only real solution.
SODOM & GOMORRAH: We often think that economic bubbles are complex, distant phenomena that effect primarily stock prices, financial instruments, and whose primary effect is job loss. We often overlook some of the other effects that stare us square in the face as we do our Christmas shopping.
SODOM & GOMORRAH: Federal Reserve Chairman Ben Bernanke held a rare public forum in front of military families. In his remarks, he defended the insane policies that have prolonged our economic misery.
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